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Abstract:Spain's financial watchdog, the National Securities Market Commission (Comisión Nacional del Mercado de Valores, CNMV), has issued warnings against 10 unlicensed forex brokers operating without proper authorization.
Spain's financial watchdog, the National Securities Market Commission (Comisión Nacional del Mercado de Valores, CNMV), has issued warnings against 10 unlicensed forex brokers operating without proper authorization.
Kulanient | https://kulanient.com/ |
Lyreasf | https://lyreasf.com/ |
Gosuncm | https://gosuncm.com/ |
CapitalProBase | https://capitalprobase.com/ |
BRCC | https://brcconsulting.pro/ |
Novatradecore | https://www.nova-tradecore.com/ |
SwiphtFx | https://swiphtfx.live/ |
M-BITRADE | https://m-bitrade.com/ |
Swiftcapitalfx | https://swiftcapitalfx.com/ |
Mavqeris | https://mavqeris.com/ |
CNMV Warns
The CNMV is the official body that looks after Spains financial markets. It often issues Public Warnings to inform and protect investors. These alerts remind people to be careful when dealing with unregulated brokers.
About CNMV
The National Securities Market Commission (CNMV) is the body responsible for the supervision and inspection of Spanish securities markets and the activity of all those involved in them.
The aim of the CNMV is to ensure the transparency of Spanish securities markets and the correct formation of prices, as well as the protection of investors.
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The Cyprus Securities and Exchange Commission (CySEC) has issued a warning against over 10 investment firms operating without proper authorization. These firms are not licensed to provide financial services and may pose serious risks to investors. CySEC advises the public to avoid dealing with unregulated entities
Knowing the red flags of anything is the most important act while you are thinking to invest your money in the Forex market and are enthusiastic about Forex trading. It is the market where regulators are regularly Like FCA, ASIC, CySEC, etc., issue warnings against unlicensed brokers which are operating actively in the market. So, to protect your money, you should know the major risks of any broker. In this article, you will know the major risks of Primarkets before investing.
These are scam brokers operating without licenses. Therefore, it becomes risky to trust these brokers for Forex trading. These brokers will most probably swindle your money and make you penniless. To avoid this situation, check out the list below carefully. This is the warning list issued by the Financial Conduct Authority (FCA).
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